I ady collect more than 100 lot since end of July!!! The date when the Managing Director keep acquire hehe!!! But average buy price on 0.885 haha.....if drop collect again lo
The appear rainbow/storm usually has no any syndrome haha...not sure why MD keep on catching. @Viking you are right, should do more homework before accumulation hehe...so far in my point of view we should remain HOLD instead instead buy/sell
Simple! You don't shower plants where bear no fruits or flowers, No one will kill their goose where could lay golden eggs, right ! I can be wrong , but after my evaluation over n over again I'm prepared to take this calculated risk.
if I'm correct, this MD is collecting all he can, he doesn't want to give much reward to investor all this long and indirectly forcing outsider to give up this counter before he can privatise this counter which undervalue a lot to its true asset value, MD wants to make this his own mark my word, no huge reward from this counter, privitization can be anytime after he done collecting back the shares, this company doesn't need investor support anymore
Yoyoyo Bro, do you have any knowledge regarding the process of privatisation and what are the conditions they required and the amount of money and risk they've to take. Sorry! Don't be too pessimistic about this, accumulate aggressively does not meant they are going to privatise. They can always use them as collateral for future expansion or to prevent potentially target take over in open market. For your information I think this company cash flow position is not strong enough to take private. Correct me if I'm wrong !
Hello @viking, pls calm, Im just trying guess whats his motive based on the movement, of course wont be a 100% accurate guess About privitization, ya, I had experience once Simply ignore my previous comment if it doesnt make any sense to u happy trading..
No harm feeling brader, I can be wrong too but I have to explain to the best of my ability to share with our brader & sister so all of you would get jumble up. They need at least 32% to get a mandatory, on top of that they have to spend million & million for the consultation fees including minority share holders. Minority share holders has every right to reject their offers if they find it's not beneficial to them. Then funds spend in this whole process will gone burst . Huge land bank can be exhausted if they do not put in good use, another words it's bad to increase their gearing with no development. Based on my assumption only! Good Trading ! Brader,
Weaken oil prices causes disarray in government subsidy. Export commodity getting seriously deteriorated, lower property demand, currencies plunged, many companies go insolvent or gone bust, retrenchment at its worst recent years, increased number of personal bankruptcy etc....progress ! What actual progress ? Brader, it's a penny stock lah, if desperate of funds for daily needs just sell lor . Sorry ! Goodluck adios,
Dont need to bring in all the macro factors into the picture as we all already know.. the point is they simply hav too many eye-catching & alluring potential projects but no materialisation & concrete progress. That is why time to adios
Most companies are facing financial constraints at this time of uncertainty. Buying over lands or ventures into any new businesses like the infrastructure needs time to materialise as they have to compete with most reputable heavy weight players in this similar catagory. Land is concerned, smart property developers wouldn't have start launch at this bad time.Handful of them already aborted their launching not because of financial constraints is because of weak demand. Anyway, just a peanut company for now, still can afford to pay a dividend of 0.03cts single tier is considering not bad comparison to some fundamental companies don't. I think is a matter of holding power that determines. Nice to share with you, good luck brader !
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
PuttPutt Wong
19 posts
Posted by PuttPutt Wong > 2016-06-08 06:34 | Report Abuse
Why 0.98?